My personal opinion is that, since you are now targeting a very different audience, these properties ought to be segmented and treated very differently than your run-of-the-mill probates.Granted, there was a time when only the super-rich owned (and died owning) million dollar properties.

One thing that I learned many years ago was a lesson from the book Rich Dad Poor Dad and that is to work for free.

I did read two good books -- "Buy it, Fix it, Sell it" by Myers and "Rich dad, Poor dad".I try to tell people not to think too much.

The last 3 years, real estate has been a passion for me, ever since reading "Rich Dad, Poor Dad" for the first time my mind has been opened.

I think you're at the "Ah hah." moment that real estate is not a get rich quick scheme.  

They are: A) continue renting and making other landlords rich, B) buy a single family home for $220-$270k and Really struggle to get by or C) buy a rental property similar to what i've described in this thread and Possibly have to kick in a few hundred per month but in time I would build equity and the day I moved out of this unit, it would definitely have positive cash flow.

Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe E-MythThe 4 Hour Work WeekBiggerPocketsPodCast

Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe E-MythThe 4 Hour Work Weekhttp://flip2freedomacademy.com/ - free e-bookFlip2freedom episode 77 - podcast - LISTEN TO THIS TODAY!

Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe E-MythThe 4 Hour Work WeekBiggerPocketsPodCast

I'm not trying to get rich.